The current price of currency $XRP is moving sideways between 3.08 and 3.14, reflecting a state of balance between buying and selling forces.
The MACD indicator is close to the neutral point (MACD at -0.0202 and DEA at 0.0673), indicating weak upward and downward momentum at the same time.
The RSI indicator (48.7) is close to the neutral level (50), meaning that the currency is not in an overbought or oversold area.
The EMA(10) and EMA(25) moving averages are close to the current price, reflecting the likelihood of continued trading in a short-term sideways range.
If the price successfully breaks through the resistance level at 3.14 – 3.15 firmly, we may witness a rise towards 3.40 – 3.60.
On the other hand, if it breaks below 3.08, the price may return to test the 2.82 – 2.90 area as a key support.
The daily trading volume is relatively average ($3.49 billion), indicating that any news or new momentum could move the market quickly.
> Overall: The short-term trend is neutral to slightly bullish, but the price needs to break through resistance to confirm a bullish breakout.
# Near-term forecast:
Expected trading range: 3.00 – 3.40 USDT.
General trend: Accumulation and waiting for news or strong movement to determine the upcoming direction.. #Xrp🔥🔥 #Binance #BinanceSquare
